Jermaine Jackson Buys Ferrari During MJ Trial; An Oops Moment?

In other words, he went out and purchased the ultra-expensive carriage while the MJ jury was deciding whether to give his family as much as $40 billion.

Jermaine went to Calabasas Luxury Motorcars Monday to pick up the 2009 Ferrari California, which was listed at $169,995. Sources connected to Jermaine tell us he was able to wheel-and-deal the dealer down to the low 160s.

Jermaine didn’t have to plunk down the entire amount. He traded in his Rolls Royce and got around $90k. We’re told he paid the balance — just over $70k.

As has been reported … if Katherine would have won her lawsuit against AEG, Jermaine and her other children would likely have been the beneficiaries of the judgment once she died. But we know now that didn’t work out.

6 Responses

So……if he traded in his RR, & paaaaaaid the balance/the check DIDN’T bounce!!, whyyyyy is this considered an….”oops” moment?? I mean….if he “couldn’t” pay for it, I could see/understand it, but……that ain’t the case! So…WTF EUR!!?? SMHATBS!

Yeah they did do tours, and he has other investment jobs and other things he’s doing to make money. and it’s his business how he spends his money. As long as his child support and bills are paid who cares what kind of car he drives or buys.
and I hate to tell this person that wrote this article but even if Katherine had won the money none of it would’ve gone to the siblings when she passes because it would all go into the Estate of Michael Jackson. They handle all her expenses, and when she passes her share converts over to MJ’s 3 kids. Michael was the one out of 9 kids that always took care of her, and he set it up that they get nothing of what he made, and that’s what pissed them off because they can’t make anything off his name. The only money they have any rights to are royalties from The Jacksons or J5 that is all. And they all know that if it hadn’t been for MJ the Jackson 5 wouldn’t have made it as far as they did when they did. But many of the boys have other endeavors that have been doing sense J5 went their own ways. even with their solo careers. Tito still has a band that does Jazz and blues music, Jermaine still does music in other countries, Marlin I am not totally sure what it is that he does but he makes his own money, and Randy has some of his own things he does though I think he is the one that hasn’t made the money like the other boys.

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